NEW YORK ( TheStreet) -- Berkshire Hathaway ( BRK-B) may soon begin paying a dividend, Barron's argued on its front page Saturday.

The article from Barron's make a bullish case for Berkshire shares, arguing Wall Street is undervaluing them due to concerns about whether the eventual successor of Read more here. at the helm of the Omaha, Neb.-based conglomerate can maintain the company's market-beating record.

The article notes Berkshire currently trades at about 15 times earnings, matching the broader market, whereas it usually trades at a premium.

Barron's cites no inside sources regarding the dividend, and notes that Buffett declined to comment. Barron's notes that Berkshire is taking in lots of cash from its operations, as well as investments in Goldman Sachs ( GS)and General Electric ( GE), which pay big dividends, and that Buffett "hasn't been thrilled by the stock of bond market in the past year."

As a result, if Buffett can't find a large acquisition, he may begin paying out a dividend "in the next 12-18 months," starting at about 2%, the article states, though it doesn't make clear where these rather precise numbers come from. It also argues the likelihood of Buffett finding a big acquisition may be diminished, since he won't participate in auctions and prices have generally gone up since he made his last big deal, for Burlington Northern Santa Fe Corp in late 2009.

-- Written by Dan Freed in New York.
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